What To Do in an Apartment Lease Buyout by Peter Zinkovetsky, Residential Real Estate Attorney
As a renter, the prospect of being tied down to an apartment lease, especially if the contract is extended, can be a daunting, but calculated risk. A renter should go into a lease knowing the terms and abide by them throughout the duration of the contract. If a renter wanted to get out of the lease early, they would have to pay a termination fee, lose their security deposit, or risk being taken to small claims court. On the flip side, landlords who want to end an existing apartment lease early or want a renter to move out before the lease is over can make an offer to buy out the existing lease.
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What happens when lease ends NYC?
How do I take over my apartment lease in NYC?
What is a tenant buyout New York City?
How does a lease takeover work NYC?
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